Actual return on life insurance policies

There has been some requests for life insurers to post their actual return on their life insurance policies.

NTUC Income wishes to make a start. Here are the actual return on our endowment policies maturing in 2006.

Endowment policies maturing in 2006.

Term     Taken in    Monthly     Entry     Maturity   Yield
                     premuim      age       amount
                  
10 yrs     1996       $100         25      $14,800     4.4%
15 yrs     1991       $100         25      $26,600     5.2%
20 yrs     1986       $100         25      $45,800     6.2%

10 yrs     1996       $100         40      $14,600     4.2%
15 yrs     1991       $100         40      $26,100     5.0%
20 yrs     1986       $100         40      $42,200     5.5%

The maturity benefit included the additional bonus distributed on every 5 anniversary.

The actual return on maturity are attractive, varying from 4.2% to 6.2% per annum.

Our maturity values for a 20 year policy is about 15% higher than similar plans
offered by our competitors.

We give a better return to our policyholders, due to lower commission, lower expenses and lower distribution to shareholders.